The PPP was supposed to save our small restaurants and businesses. But where’s the money?
Shake Shack has 189 restaurants in the U.S. that employ nearly 8,000 people. It said it is still operating many outlets while closing its dine-in facilities. Union Square Hospitality Group, with more than 2,000 employees, suspended its business in March. Like many big companies, both qualified for the government loans, the statement said, because their outlets employ fewer than 500 workers each.
Funding for the small-business loans has fallen far short of what is needed. The Trump administration and Congress on an additional aid package of up to $450 billion to boost the small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.“We urge Congress to ensure that all restaurants no matter their size have equal ability to get back on their feet and hire back their teams,” Garutti and Meyer said. “Fund it adequately. It’s inexcusable to leave restaurants out because no one told them to get in line by the time the funding dried up.
Source: News Formal (newsformal.com)
So brave of Shake shack
Now if only all the other chains would do the same.
Ra☀️🔺👁️👌 Gezi capulcu hattı bizim adambp de yazamaz hee KÖPEKLERE 1. 2.önce kedileri besle oğlum face Ben CERN NASA dan ok mu atıyorum size A9 TV nasıl ben nasılım sia
noble
Leave it to stable branding genius realDonaldTrump to re-label stimulus funds as 'protection' money. Like we need a reminder?
This is great. How is Shake Shack a small business?
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Shake Shack returning $10 million government loan meant for small businessesBREAKING: Shake Shack announces it's returning its $10 million government loan meant for small businesses struggling in the economic fallout from the coronavirus pandemic PattyArquette Scumbags remorse? So shy did they apply for it in the first place Are Potbelly & RuthsChris next up w refunds?
Source: NBCNews - 🏆 10. / 86 Read more »
Burger chain Shake Shack to return $10 million government loanShake Shack Inc will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact. One of 2 10million dollar loans. They got busted creativly applying Ruth Chris took 20 million. How many mom and pop restaurants went without Shake Shack, thank you for using the opportunity to help your business and workers by obtaining the loan, but THANK YOU THANK YOU for not ABUSING the opportunity and for helping your fellow American small business owners when you realized their needs outweighed your own. 👍
Source: Reuters - 🏆 2. / 97 Read more »
Shake Shack, Ruth's Chris and other chain restaurants got big PPP loans when small businesses couldn'tIn recent days, it's been revealed how large chunks of funds in the Paycheck Protection Program were gobbled up by chain restaurants, hoteliers and publicly traded corporations. Well now we know how the $350 billion was spent. Small businesses are not paying millions of dollars to lobbying firms. Why should the deserve It only means how little we want to cook for ourselves. We rely on restaurant food. We are so Americans.
Source: CNN - 🏆 4. / 95 Read more »
Burger chain Shake Shack to return $10 million government loanShake Shack Inc will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact. One of 2 10million dollar loans. They got busted creativly applying Ruth Chris took 20 million. How many mom and pop restaurants went without Shake Shack, thank you for using the opportunity to help your business and workers by obtaining the loan, but THANK YOU THANK YOU for not ABUSING the opportunity and for helping your fellow American small business owners when you realized their needs outweighed your own. 👍
Source: Reuters - 🏆 2. / 97 Read more »
Shake Shack returning $10 million government loan meant for small businessesBREAKING: Shake Shack announces it's returning its $10 million government loan meant for small businesses struggling in the economic fallout from the coronavirus pandemic PattyArquette Scumbags remorse? So shy did they apply for it in the first place Are Potbelly & RuthsChris next up w refunds?
Source: NBCNews - 🏆 10. / 86 Read more »
Shake Shack, Ruth's Chris and other chain restaurants got big PPP loans when small businesses couldn'tIn recent days, it's been revealed how large chunks of funds in the Paycheck Protection Program were gobbled up by chain restaurants, hoteliers and publicly traded corporations. Well now we know how the $350 billion was spent. Small businesses are not paying millions of dollars to lobbying firms. Why should the deserve It only means how little we want to cook for ourselves. We rely on restaurant food. We are so Americans.
Source: CNN - 🏆 4. / 95 Read more »